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Land Reclamation for Oil Terminal Planned

Russian
bunkering and oil transshipment company the Baltic Fuel Co. (BFC) says it will
move forward with the construction of an oil terminal through the reclamation
of land at Big Port, St. Petersburg.

The company
received approval from the city of St. Peterburg to create 1.43 hectares of
artificial lands for the Turukhtannye Island Oil Terminal.

The terminal
territory now covers 7.3 hectares, including two oil products-handling berths
with an annual throughput of 500,000 tonnes.

The company
received approval to create 1.43 hectares of artificial lands.

The $110 million
project will include the modernization of the terminal to increase its handling
capacity to 1.7 million tonnes of products in 2015-2016, 2.4 million tonnes
starting in 2017, and up to 5 million tonnes starting in 2020.

The project also
includes a third berth at the terminal, boosting its tank farm storage capacity
to 42,000 tonnes.

BFC supplies
bunkers in the eastern Gulf of Finland and on the Neva river, ships oil
products on international trade lanes and in Russian waterways, and provides
waste collection services, according to its website.